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Sensata Technologies Holding N V (ST) Q1 2021 Earnings Call Transcript

Sensata Technologies Holding N.V. (ST) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Sensata Technologies Holding N.V. (NYSE: ST) Popular Searches Operator Good morning and welcome to the Sensata Technologies First Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Jacob Sayer, Vice President, Finance. Please go ahead.SPONSORED: 10 stocks we like better than Sensata Technology

Sensata Technologies Completes Acquisition of Xirgo Technologies

Sensata Technologies Completes Acquisition of Xirgo Technologies Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced that it has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings, LLC ( Xirgo ) for $400 million. Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement. The acquisition includes approximately 160 sales, engineering and manufacturing employees in the United States and Lithuania including more than 75 engineers. This acquisition meaningfully advances Sensata s Smart Connected megatrend-focused growth initiative for transportation and logistics end-markets. We are excited to welcome our new Xirgo colleagues to Team Sensata as we work to

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